Carry Trade To Weigh On Koruna

October 2007
Emerging Europe Monitor: Central Europe & Baltic States;Oct2007, Vol. 14 Issue 10, p1
Country Report
Country Report
The article analyzes the implications of the problems surrounding global credit and equity markets for currency trade in Czech Republic. Although there is an increase in global risk aversion, the appreciation in the Czech koruna increased in the foreign exchange market in August 2007. The author forecasts that the Czech National Bank (CNB) will continue to increase its benchmark interest rate. Exchange rate for Czech koruna is estimated to increase by 3.4 percent in 2007.


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